Critics dismiss the billionaire owner of the Dallas Cowboys for “hitting the jackpot” with his gas prices, amid a record winter storm that left Texans shaking – and dying – without heat and electricity.
Cowboys owner Jerry Jones is the majority shareholder in Comstock Resources Inc., a shale drilling company operating in Texas and Louisiana. Investors said in a conference call on low fuel prices boosted by rising demand in the cold south.
“This week is like getting the jackpot at some of these incredible prices,” Comstock president and chief financial officer Roland Burns said Wednesday, Bloomberg reported. “Honestly, we were able to sell at super-premium prices for a significant amount of production.”
Such a delight surprised many, at least, insensitive.
Jones “does what he’s always done: he tries to make money,” muttered Sports Illustrated writer Michael Rosenberg.
Jones was pleased to receive a $ 325 million grant for the AT&T stadium that hosts his team, Rosenberg noted. “Now you see how Jones treats Texans when they need them. We can call this a betrayal. “
“It is impossible to arrange a fair transaction when one party is in love and the other is in money,” Rosenberg added. “If all the clothes suddenly disappeared from the state, Jones would start selling Cowboys sweatshirts for $ 1,000 each.”
Robert Reich, who was President Bill Clinton’s secretary of labor, noted that “billionaires who take advantage of human suffering are a feature, not an error, of our rigged system.”
Comstock has already increased production in anticipation of rising gas prices. It now has “super-premium prices” of up to $ 179 per thousand cubic meters. The same natural gas from the last quarter was sold for a on average $ 2.40 per thousand cubic meters, National Public Radio reported.
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